Street View: GM's engine hums in Q1, but no one's calling it a straightaway yet
29/04/2026 12:59
** General Motors GM.N posted a 22% jump in its Q1 core profit on Tuesday and raised its FY earnings outlook, helped by a strong U.S. auto market and an anticipated tariff refund
** Median PT of 28 brokerages covering the stock is $95 - LSEG-compiled data
ROAD AHEAD STILL HAS A FEW SPEED BUMPS
** Morgan Stanley ("overweight," PT: $100) says conservative guidance leaves room for further upgrades if supply chains and commodity costs stabilize
** Piper Sandler ("overweight," PT: $102) says that the guidance lift was entirely driven by the tariff adjustment, with geopolitical risks and elevated costs likely to cloud the outlook
** J.P. Morgan ("overweight," PT: $98) cautioned that most of the near-term upside is unlikely to translate into higher earnings in 2027
** Morningstar(fairvalue: $83) says cost improvements drove a solid Q1, lifting earnings and free cash flow, while GM's higher guidance underscored resilient demand for its pickup trucks and SUVs despite tariff-related headwinds
(Reporting by Rashika Singh in Bengaluru)
((rashika.singh@thomsonreuters.com))